Talon Portfolio Services Spending Millions to Rehab 11 Office Properties

Seattle-based Talon Portfolio Services in July became the court-appointed receiver of the 11-property portfolio, which was part of one of the region’s biggest real estate deals of 2007 but due to the recession fell into financial straits. Now, while the financial stakeholders are embroiled in legal battles, Talon’s task is to return the properties to “their former glory,” said Jim Neal, a Talon managing principal.